Courtney Downs June 06

8/14/2019 Courtney Downs June 06

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USA Courtney Downs LeaseCo, LLCBudget Comparison

Books = AccrualFor the period ending June 30, 2006

MTD MTD YTD YTD AnnualActual Budget $ Variance TD Variance Comment Actual Budget $ Variance Budget TD Variance Comment Filter

0.01

355,720.00 356,985.00 (1,265.00) 2,134,320.00 2,135,530.00 (1,210.00) 4,302,534.00 9,282,614.00(3,665.00) 0.00 (3,665.00) (2,460.00) 0.00 (2,460.00) 0.00 (12,250.00)

352,055.00 356,985.00 (4,930.00) 2,131,860.00 2,135,530.00 (3,670.00) 4,302,534.00 9,270,364.00ues 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(13.00) 0.00 (13.00) (31.00) 0.00 (31.00) 0.00 (88.00)(20,447.79) (28,559.00) 8,111.21 (198,216.58) (191,430.00) (6,786.58) (390,390.00) (827,718.74)

ns (6,987.57) (2,000.00) (4,987.57) (105,473.46) (12,000.00) (93,473.46) (24,000.00) (248,922.06)

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 (500.00) 500.00 (10,135.02) (3,000.00) (7,135.02) (6,000.00) (26,270.04)(1,980.00) (1,980.00) 0.00 (11,880.00) (11,880.00) 0.00 (23,760.00) (51,480.00)

0.00 (575.00) 575.00 (1,725.00) (3,450.00) 1,725.00 (6,900.00) (10,350.00)

(1,780.80) (1,900.00) 119.20 (10,684.80) (11,400.00) 715.20 (22,800.00) (47,731.20)

nance Fe 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 (1,130.00) 1,130.00 0.00 (6,780.00) 6,780.00 (13,560.00) (13,560.00)

ns (84,493.00) (85,817.00) 1,324.00 (410,503.90) (509,532.00) 99,028.10 (1,019,064.00) ###

s Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ce 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00$236,352.84 $234,524.00 $1,828.84 $1,383,210.24 $1,386,058.00 $(2,847.76) ### 6,035,186.16

0.010.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

68.30 68.00 0.30 68.30 408.00 (339.70) 816.00 1,089.20

e 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00es 1,248.00 2,300.00 (1,052.00) 8,723.45 13,800.00 (5,076.55) 27,600.00 47,542.90

m 225.00 300.00 (75.00) 1,047.23 1,800.00 (752.77) 3,600.00 6,144.46813.50 1,300.00 (486.50) 5,925.54 7,800.00 (1,874.46) 15,600.00 29,078.08

Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.001,450.00 1,000.00 450.00 6,345.00 6,000.00 345.00 12,000.00 27,590.00

mages (550.00) 1,033.00 (1,583.00) 12,922.86 6,198.00 6,724.86 12,396.00 37,141.72

292.75 500.00 (207.25) 8,780.29 3,000.00 5,780.29 6,000.00 24,146.080.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.002,309.87 900.00 1,409.87 14,332.61 5,400.00 8,932.61 10,800.00 44,084.96

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ents 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.005,754.50 8,700.00 (2,945.50) 39,319.28 52,200.00 (12,880.72) 104,400.00 194,547.56

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00e 1,006.00 1,000.00 6.00 6,036.00 6,000.00 36.00 12,000.00 26,084.00

eloper 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 190.00 (190.00) 0.00 1,140.00 (1,140.00) 2,280.00 2,280.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.003,600.00 2,000.00 1,600.00 20,964.00 12,000.00 8,964.00 24,000.00 73,128.00

4,056.14 929.00 3,127.14 26,358.14 5,574.00 20,784.14 11,148.00 71,976.56

456.00 225.00 231.00 1,328.15 1,350.00 (21.85) 2,700.00 6,268.300.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00se 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00utions 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Variance reflectsresidents booked at lessthan market rate. Wasnot budgeted butincluded in grosspotential.

Postive variance due to

actual occupancy of94% verses 92%budgeted

Up front concessions forthe month to remaincompetitive withcompetors.

Savings due totermination of position.

Per Deborah Parker set

up guest suite, delaywith setting up vendor topay bills, 1st billing to hitin July.

We have reduced pro-rated concessions onselect units.

More residents paid ontime resulting in less feecharged and collected.

Residents not paying attime of move-out,however, they havebeen turned over to thecollection agency.

Aggressive collectionfrom current residentswith illegal pets as wellas new move ins withpets.

garage occupancy is90%, while some weregiven away free as amove in incentive.

We increased the feefrom $100.00 to$150.00.

Positive variance withbroken lease chargesand damages on moveouts.


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0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

20,730.06 20,445.00 285.06 152,150.85 122,670.00 29,480.85 245,340.00 591,101.820.01

$257,082.90 $254,969.00 $2,113.90 $1,535,361.09 $1,508,728.00 $26,633.09 ### 6,626,287.98

0.010.01

9,407.55 14,316.00 4,908.45 52,914.24 62,041.00 9,126.76 124,082.00 276,796.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

10,191.54 9,991.00 (200.54) 60,252.36 43,291.00 (16,961.36) 86,582.00 193,146.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3,087.90 7,000.00 3,912.10 21,175.20 21,000.00 (175.20) 42,000.00 98,000.00

1,794.20 2,505.00 710.80 10,833.23 10,105.00 (728.23) 20,210.00 45,430.001,605.50 1,442.00 (163.50) 9,120.00 8,652.00 (468.00) 17,304.00 37,492.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.002,949.39 0.00 (2,949.39) 10,147.34 0.00 (10,147.34) 0.00 0.00

1,698.92 2,505.00 806.08 14,257.10 10,105.00 (4,152.10) 20,210.00 45,430.00

30,735.00 37,759.00 7,024.00 178,699.47 155,194.00 (23,505.47) 310,388.00 696,294.000.01

ppl ies 440.18 600.00 159.82 6,032.52 3,600.00 (2,432.52) 7,200.00 15,600.00807.36 1,080.00 272.64 5,845.64 6,480.00 634.36 12,960.00 28,080.00

rs 38.00 100.00 62.00 611.57 600.00 (11.57) 1,200.00 2,600.004.32 200.00 195.68 1,010.89 1,200.00 189.11 2,400.00 5,200.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

tions 0.00 0.00 0.00 142.00 0.00 (142.00) 1,645.00 1,645.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 100.00 100.00 1,465.75 1,600.00 134.25 2,200.00 5,600.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 200.00 200.00 16.20 1,200.00 1,183.80 2,400.00 5,200.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

495.00 750.00 255.00 2,676.11 4,500.00 1,823.89 9,000.00 19,500.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

e 1,784.86 3,030.00 1,245.14 17,800.68 19,180.00 1,379.32 39,005.00 83,425.000.01

s 3,417.12 3,452.00 34.88 28,655.83 21,697.00 (6,958.83) 42,409.00 92,707.0047.50 475.00 427.50 4,422.33 3,875.00 (547.33) 10,300.00 19,000.00

1,601.25 1,033.00 (568.25) 11,908.75 6,198.00 (5,710.75) 12,396.00 26,858.00

(500.00) 900.00 1,400.00 8,500.00 5,400.00 (3,100.00) 10,800.00 23,400.00

se 4,565.87 5,860.00 1,294.13 53,486.91 37,170.00 (16,316.91) 75,905.00 161,965.000.01

282.45 3,000.00 2,717.55 3,297.19 16,500.00 13,202.81 33,200.00 72,200.00

2,705.00 3,000.00 295.00 11,995.00 16,500.00 4,505.00 32,500.00 71,500.00airs 3,378.30 1,500.00 (1,878.30) 10,547.13 7,800.00 (2,747.13) 15,900.00 34,500.00

336.32 200.00 (136.32) 693.09 1,200.00 506.91 2,400.00 5,200.000.00 500.00 500.00 Did not need to replace. 0.00 3,000.00 3,000.00 6,000.00 13,000.00

0.00 100.00 100.00 54.31 600.00 545.69 1,200.00 2,600.00cing 0.00 100.00 100.00 185.00 600.00 415.00 1,200.00 2,600.00

0.00 100.00 100.00 218.86 600.00 381.14 1,200.00 2,600.00166.29 300.00 133.71 428.54 1,800.00 1,371.46 3,600.00 7,800.00

se 6,868.36 8,800.00 1,931.64 27,419.12 48,600.00 21,180.88 97,200.00 212,000.00

Supplies 824.55 800.00 (24.55) 3,370.22 4,600.00 1,229.78 9,200.00 20,000.000.00 150.00 150.00 532.98 900.00 367.02 1,800.00 3,900.00

rs 211.46 75.00 (136.46) 784.63 450.00 (334.63) 4,200.00 5,250.0070.17 150.00 79.83 1,042.92 900.00 (142.92) 1,800.00 3,900.000.00 100.00 100.00 0.00 600.00 600.00 1,200.00 2,600.00

919.98 400.00 (519.98) 2,323.82 2,400.00 76.18 5,800.00 11,400.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0053.69 50.00 (3.69) 563.43 300.00 (263.43) 600.00 1,300.00

irs 314.20 75.00 (239.20) 1,107.23 450.00 (657.23) 900.00 1,950.00197.49 150.00 (47.49) 423.99 900.00 476.01 1,800.00 3,900.00

0.00 100.00 100.00 90.11 600.00 509.89 1,200.00 2,600.000.00 0.00 0.00 155.56 800.00 644.44 2,100.00 3,700.00

airs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00194.06 295.00 100.94 546.65 1,770.00 1,223.35 11,540.00 15,670.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00nse 2,785.60 2,345.00 (440.60) 10,941.54 14,670.00 3,728.46 42,140.00 76,170.00

0.015,938.52 2,745.00 (3,193.52) 13,528.52 15,480.00 1,951.48 32,205.00 68,655.00

536.34 775.00 238.66 2,972.92 5,400.00 2,427.08 10,050.00 22,400.0075.00 75.00 0.00 450.00 450.00 0.00 900.00 1,950.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 45.00 45.00 0.00 270.00 270.00 540.00 1,170.000.00 0.00 0.00 (522.13) 4,500.00 5,022.13 8,000.00 17,000.00

6,549.86 3,640.00 (2,909.86) 16,429.31 26,100.00 9,670.69 51,695.00 111,175.00

Manager just returningfrom maternity leave.Also short staffed inleasing using tempservice.

Lower bonuses due toslower leasing.

Temporary office helpneeded to assist in theoffice.

variance is a function offewer office employees

Budgeted for 2 referralsand had 3 approved.

Budgeted for 2 referralsand only had 1 referred

and a reclass from priormonth.

Positive variance due tomaintenance staff doingall paints in houseinstead of outsidecontracting.

Due to large number ofturn as well as a largenumber of repairs.

8 new filters needed forthe pool.

Annuals were replacedat the end of May asbudgeted however theinvoice did not arriveuntil June billing.


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ric 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00r/Sewer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00nds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00h Remov 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

ning Svcs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00tenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00ance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.0110,492.25 10,199.00 (293.25) 63,002.84 60,350.00 (2,652.84) 121,658.00 262,756.00

s 1,000.00 1,000.00 0.00 6,000.00 6,000.00 0.00 12,000.00 26,000.00Fee 3,250.00 3,250.00 0.00 19,500.00 19,500.00 0.00 39,000.00 84,500.00

1,198.90 550.00 (648.90) 9,169.90 3,300.00 (5,869.90) 6,600.00 14,300.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 (104.00) 0.00 104.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00penses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 825.49 500.00 (325.49) 1,000.00 2,000.000.00 50.00 50.00 332.58 300.00 (32.58) 2,600.00 3,300.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 283.76 0.00 (283.76) 1,400.00 1,400.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0015,941.15 15,049.00 (892.15) 99,010.57 89,950.00 (9,060.57) 184,258.00 394,256.00

0.013,406.44 2,800.00 (606.44) 20,461.11 16,800.00 (3,661.11) 33,600.00 72,800.00

nt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00938.95 1,800.00 861.05 17,374.03 18,660.00 1,285.97 35,120.00 76,040.00

8,576.51 10,000.00 1,423.49 53,720.60 53,000.00 (720.60) 106,000.00 232,000.00

nt Reimb (5,528.68) (4,500.00) 1,028.68 (24,622.53) (25,500.00) (877.47) (50,500.00) (110,500.00)

3,326.69 6,290.00 2,963.31 (4,087.32) 15,680.00 19,767.32 40,840.00 84,780.00

ursement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00(2,125.64) (2,200.00) (74.36) (11,395.99) (13,200.00) (1,804.01) (26,400.00) (57,200.00)

rsement 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00691.94 1,700.00 1,008.06 5,788.86 10,200.00 4,411.14 20,400.00 44,200.00

387.07 405.00 17.93 4,509.21 5,605.00 1,095.79 9,820.00 21,840.00- Gas 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

9,673.28 16,295.00 6,621.72 61,747.97 81,245.00 19,497.03 168,880.00 363,960.000.01

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00LL 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

s 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

nse 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.01

29,474.62 27,200.00 (2,274.62) 176,883.26 163,200.00 (13,683.26) 326,400.00 707,200.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.006,885.89 6,691.00 (194.89) 41,941.14 40,146.00 (1,795.14) 80,292.00 173,966.00

200.00 0.00 (200.00) 700.00 0.00 (700.00) 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0036,560.51 33,891.00 (2,669.51) 219,524.40 203,346.00 (16,178.40) 406,692.00 881,166.00

es 115,464.49 126,669.00 11,204.51 685,059.97 675,455.00 (9,604.97) 1,376,163.00 2,980,411.00

ME 141,618.41 128,300.00 13,318.41 850,301.12 833,273.00 17,028.12 1,665,237.00 3,649,076.06

0.01106,586.67 106,587.00 0.33 639,520.02 639,522.00 1.98 1,279,044.00 2,771,262.00

86,666.67 86,667.00 0.33 520,000.02 520,002.00 1.98 1,040,004.00 2,253,342.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00193,253.34 193,254.00 0.66 1,159,520.04 1,159,524.00 3.96 2,319,048.00 5,024,604.00

0.010.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.010.00 0.00 0.00 1,510.50 0.00 (1,510.50) 0.00 0.00

Fees 0.00 0.00 0.00 764.30 0.00 (764.30) 0.00 0.000.00 0.00 0.00 305.62 0.00 (305.62) 0.00 0.00

0.00 0.00 0.00 59.04 0.00 (59.04) 0.00 0.00r 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00up Costs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

se 0.00 0.00 0.00 2,639.46 0.00 (2,639.46) 0.00 0.000.01

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 3,000.00 3,000.00 3,000.00 9,000.00

Budgeted for 4 evictionsprocedures and actuallyhad 8.

Includes all commonareas.

We have turned downthe heat on the poolwhich as resulted inpositive variance.

Based on billing fromArapahoe County.

Aggressive collectionsby AUM.

Watering at off timeshas helped in loweringthe costs.

Less vacant andcontrolling use of A/C bystaff and vendors during

the make ready process.

Based on actualcharges.


4/54

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00ment 14,149.83 6,600.00 (7,549.83) 35,195.58 30,800.00 (4,395.58) 63,800.00 138,600.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

t 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00ents 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

14,149.83 6,600.00 (7,549.83) 35,195.58 33,800.00 (1,395.58) 66,800.00 147,600.000.01

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

(65,784.76) (71,554.00) 5,769.24 (347,053.96) (360,051.00) 12,997.04 (720,611.00) ###

0.00 0.00 0.00 224,944.65 0.00 224,944.65 0.00 449,889.30

(65,784.76) (71,554.00) 5,769.24 (122,109.31) (360,051.00) 237,941.69 (720,611.00)

Overage due tobudgeted for 6replacements and actualwas 14.


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USA Courtney Downs LeaseCo, LLCCash Flow (Actual + Budget)

Books = AccrualFor the 12 Months Ending Dec 2006

Jan 2006 Feb 2006 Mar 2006 Apr 2006 May 2006 Jun 2006 Jul 2006 Aug 2006 Sep 2006 Oct 2006 Nov 2006 Dec 2006 12 Month $ / $ /

Actual Actual Actual Actual Actual Actual Reforecast Reforecast Reforecast Reforecast Reforecast Reforecast Total Unit Sq. Ft.342 313,778

356,941 356,261 353,425 356,370 356,790 352,042 356,985 356,985 360,554 364,160 364,160 364,160 4,298,833 12,569.69 13.70(50,457) (41,504) (32,721) (25,521) (27,566) (20,448) (31,419) (28,559) (32,450) (36,416) (40,058) (40,058) (407,177) (1,190.57) (1.30)

(80,765) (83,296) (83,632) (87,552) (89,252) (91,481) (80,000) (80,000) (80,000) (80,000) (75,000) (75,000) (985,977) (2,882.97) (3.14)(5,393) (4,621) (13,129) (3,761) (3,761) (3,761) (6,085) (6,085) (6,085) (6,085) (6,085) (6,085) (70,935) (207.41) (0.23)

220,326 226,840 223,943 239,537 236,211 236,353 239,481 242,341 242,019 241,659 243,017 243,017 2,834,744 8,288.73 9.03

26,619 19,852 32,398 25,588 26,964 2 0,730 20,445 20,445 20,445 20,445 20,445 20,445 274,821 803.57 0.88246,945 246,692 256,342 265,125 263,175 257,083 259,926 262,786 262,464 262,104 263,462 263,462 3,109,565 9,092.30 9.91

31,314 27,779 25,751 34,224 28,896 30,735 24,299 20,239 24,299 24,299 24,299 37,759 333,893 976.30 1.064,125 1,829 4,155 2,418 3,488 1,785 3,375 4,330 3,030 3,030 3,030 3,030 37,626 110.02 0.12

10,172 7,867 8,790 12,875 9,217 4,566 7,885 5,860 5,860 6,385 5,860 6,885 92,222 269.65 0.29

2,824 1,468 6,877 3,034 6,347 6,868 8,800 8,700 8,200 7,900 7,500 7,500 76,019 222.28 0 .24484 2,348 2,996 938 1,390 2,786 4,645 2,345 2,295 13,595 2,295 2,295 38,412 112.31 0.12

2,095 (1,911) 750 1,089 7,856 6,550 3,640 3,640 6,640 4,640 4,640 2,395 42,024 122.88 0.1315,018 14,773 20,876 15,092 17,309 15,941 16,670 17,049 15,067 15,084 15,469 14,969 193,319 565.26 0.62

17,811 10,978 5,261 9,118 8,907 9,673 16,295 16,295 16,655 16,590 10,900 10,900 149,383 4 36.79 0.481,732 605 (2,311) 0 (26) 0 0 0 0 0 0 0 0 0.00 0.00

34,178 39,883 33,892 33,962 41,050 36,561 33,891 33,891 33,891 37,237 37,237 37,237 432,907 1,265.81 1.38

119,755 105,619 107,036 112,750 124,435 115,464 119,500 112,349 115,937 128,760 111,230 122,970 1,395,804 4,081.30 4.45

127,190 141,073 149,305 152,375 138,740 141,618 140,426 150,437 146,527 133,345 152,233 140,493 1,713,761 5,011.00 5.46

193,253 193,253 193,253 193,253 193,253 193,253 193,254 193,254 193,254 193,254 193,254 193,254 2,319,044 6,780.83 7.391,511 40 324 595 169 0 0 0 0 0 0 0 2,639 7.72 0.013,871 (782) 8,204 6,055 3,698 14,150 6,600 6,600 6,600 6,600 3,300 3,300 68,196 199.40 0.22

(71,445) (51,438) (52,476) (47,528) (58,381) (65,785) (59,428) (49,417) (53,327) (66,510) (44,322) (56,062) (676,118) (1,976.95) (2.15)

66,280 58,055 58,308 42,302 0 0 0 55,074 52,214 52,536 52,896 37,280 474,945

792 (2,230) (4,698) 2,407 6,708 2,152 0 0 0 0 0 0 5,1329,672 (940) (590) 4,549 (4,100) (8,512) 0 0 0 0 0 0 79

372 (275) 86 156 1,384 280 0 0 0 (30,110) 0 0 (28,106)

(34,325) (34,325) (34,325) (34,325) 324,584 (30,394) (2,951) (2,951) 28,097 (2,951) (2,951) (2,951) 170,232

(23,489) (37,770) (39,527) (27,213) 328,577 (36,473) (2,951) (2,951) 28,097 (33,061) (2,951) (2,951) 147,337

(5,209) 4,548 22,679 5,948 (1,420) 65,950 0 0 0 0 0 0 92,496

34,702 17,279 26,292 32,763 (282,521) 115,337 0 0 0 0 0 0 (56,149)1,398 6,448 1,789 (2,315) (5,212) (3,153) 0 0 0 0 0 0 (1,044)

0 (763) (382) (382) (382) (701) 0 0 0 0 0 0 (2,609)

30,890 27,511 50,377 36,014 (289,534) 177,433 0 0 0 0 0 0 32,693

2,236 (3,642) 16,682 3,574 (19,338) 75,176 (62,379) 2,706 26,984 (47,034) 5,624 (21,733) (21,144)

29,014 25,372 42,054 45,628 26,290 101,466 39,087 41,793 68,777 21,743 27,367 5,634

UnSq. Ft.

## 384807

ba 160 146,080

cas 356 384,807

ce 300 274,080co 257 254,074

jac 247 221,730

lee 10 22,160

re 428 398,868

ric 5 24,952

pa 300 305,832

pol 440 403,761

sat 440 548,750

sw 240 264,892

tra 280 286,056

vlg 120 108,276

wa 284 254,103

we 12 48,309

wi 346 433,196

us 280 299,111us 284 254,103

eb 2006 Mar 2006 Apr 2006 May 2006 Jun 2006 Jul 2006 Aug 2006 Sep 2006 Oct 2006 Nov 2006 Dec 2006

NET CASH FLOW CUMM. NET CASH FLOW


6/54

50%

50%

50%

duction in tax escrow due to overage






7/54

Courtney Downs ApartmentsJun-06

Y

17 INCOME THIS MONTH: $263,125.09S: 18 INCOME LAST MONTH: $262,168.99TH: -1 DIFFERENCE: 956.1

TOTAL # GARAGES 120# GARAGES OCCUPIED 108

91.5% 95.3% GARAGES OCCUPIED % 90%

REASONS WHY PROSPECTS DID NOT LEASE:

Traffic Leased

1 0 * Job Transfer 47 1 * Too expensive. 150 0 * Future/No Availability/Waiting list 0

12 4 * Just started looking. 63 0 * Waiting for Home to Sell 05 0 * Current Lease to Expire 0

12 6 * Needs Ground Floor 0RAL 2 5 * Moved Elsewhere 0

2 0 * Will return with roommate or spou 74 0 * Realtor Looking for Client 00 0 * Undecided 04 3 * Employment pending 1

2 0 * House sale pending 2* Rented at Competitor 0

54 19 TOTALS 35

33%

& SOURCES FOR THE MONTH

with new move in specials and pricing.ds with current pricing and specials.

y publications.

ABLE PROPERTIES:e offering rents averaging one to three months off on a 12 month lease.drooms starting at $525, two bedrooms at $715 and three bedrooms starting at $950.

ed an increase of $34.00. We have continued to discuss all options withto a minimum but home buying is very popular.due to buying houses, 3-residents got new jobs, 1 getting a divorce.

PERTY:


8/54

ROUTINE REPLACEMENTS:

Number of:

NITS 19 REFRIGERATORS 0S 9 DISHWASHERS 1

10 STOVES 0179 A/C COMPRESSORS 0

Pending Completed 0 CONDENSING UNITS 00 43 43 WATER HEATERS 00 18 18 ICE MAKERS 0

0 19 19 GARBAGE DISPOSALS 00 22 22 MICROWAVES 00 51 51 CARPETS 60 7 7 CEILING FANS 00 19 19 TOILETS 00 0 0 A/C FAN MOTORS 0

0 179 179 COUNTER TOPS 00 CABINETS RESURFACED KITCHEN 00 BLINDS 15

TUBS RESURFACED 0TUB TILES 0

TS IN PROGRESS:

DING ATTENTION:st of a major improvement project to bring it up to our higher standards.

Nancy HowlandWendy GillanCarrie McMillanTemporary personnel

isor Gabriel Tellezce Russell Brileyds Jorge Chavez and Jorge Bernal

OR THE MONTH:planted.s.

s

NumberReplaced


9/54


10/54

Apt. #

10302

02, 13206, 13208, 16207, 13106, 12107- guest

8- 1, 9102- 3, 12-209- 1, 6108- , 16-105-1, 103


11/54

S SIZE TOTAL MKT RENT MKT RENT MONTHLY ANNUAL

S/F PER UNIT PER S/F GROSS GROSS

40 704 28,160 830 1.18 $33,200 $398,400

32 704 22,528 860 1.22 $27,520 $330,240

18 910 16,380 935 1.03 $16,830 $201,960

24 808 19,392 895 1.11 $21,480 $257,760

32 808 25,856 925 1.14 $29,600 $355,200

42 977 41,034 1130 1.16 $47,460 $569,520

44 1,030 45,320 1150 1.12 $50,600 $607,200

22 1,030 22,660 1180 1.15 $25,960 $311,520

24 977 23,448 1150 1.18 $27,600 $331,200

16 1,030 16,480 1150 1.12 $18,400 $220,800

20 1,030 20,600 1180 1.15 $23,600 $283,200

24 1,140 27,360 1245 1.09 $29,880 $358,560

4 1,140 4,560 1255 1.10 $5,020 $60,240

42 917 313,778 $1,044 $1.14 $357,150 $4,285,800


12/54

ON Vacants Notice

T GROSS

0.00 1.18 $33,200 9 1 8 3 0

5.00 1.10 $31,000 2 0 1 0 2

5.00 0.91 $14,940 1 0 1 1 5

5.00 1.03 $19,920 9 0 4 1 12

5.00 1.03 $26,560 0 0 0 0 0

0.00 0.85 $34,860 11 1 5 0 13

0.00 0.81 $36,520 4 0 2 1 7

0.00 0.81 $18,260 0 0 0 0 0

0.00 0.85 $19,920 0 0 0 0 0

0.00 0.81 $13,280 0 0 0 0 5

0.00 0.81 $16,600 0 0 0 0 0

0.00 1.00 $27,480 3 1 1 1 3

0.00 1.00 $4,580 0 0 0 0 0

192 0.95 $297,120 39 3 22 7 47

EFFECTIVEPER S/F

EFFECTIVEMONTHLY

VacantsLeased

NoticeLeased

NetAvailable


13/54

MARKET SURVEYCourtney Downs

June-06

oyote Ranch Windsor @ Meridian Pinnacle @ the Creek Dove Valley Cherrywood Village Reserve @ South Creek

E Freemont Ave 9875 Jefferson Pkwy 6107 S Parker Rd 7550 S Blackhawk 16950 E Carlson Dr 15611 E Jamison Dr

03-693-8787 303-256-7700 303-766-2500 303-362-2000 303-805-7220 303-680-6696

Aurora, Co Englewood, Co 80112 Centennial, Co Englewood, Co 80112 Parker, Co 80134 Englewood, Co 80112

507 653 216 312 380 168

3 6 3 4 3 4

$35.00 $40.00 $35.00 $35.00 $35.00 $40.00yes yes yes yes yes yes

yes yes yes yes yes yes

400-500 150-300 200-300 300-500 400 300-600

275-325 300 100 199 99 225-375

yes Only In Select Units Only Select Units no no no




no no no yes yes yes

1 1 1 1 2 1


1 1 1 1 2 1



yes yes yes yes yes yesyes yes yes yes yes yes


no yes yes yes yes yes

yes yes no yes yes yes

no yes yes yes no yes

no no no no no no

no no no no no no



no no no no no no

no yes yes yes yes yes


14/54

MARKET SURVEY Courtney Downs

June-06

(Concessions reduced rates)

PROPERTY: Courtney Downs Apt Coyote Ranch Windsor at Meridian Pinnacle @ the Creek Dove Valley Cherrywood Village Reserve@South Creek

PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF PRICE SIZE PSF

fficiency fficiencyB1B (A) 830 704 1.18 690 779 0.89 615 627 0.98 620 685 0.91 700 768 0.91 680 707 0.96 625 763 0.82B1B (B) 830 808 1.03 690 853 0.81 615 701 0.88 660 705 0.94 700 842 0.83

B1B w/study 830 910 0.91 615 811 0.91 730 760 0.96B B

B w/loft B1B w/study 875 956 0.92 799 1051 0.76B2B (E) 830 977 0.85 790 1105 0.71 1110 1044 1.06 799 1120 0.71 875 1115 0.78 829 1033 0.80 699 1037 0.67

B2B (F) 830 1030 0.81 790 1192 0.66 1440 1196 1.20 875 1220 0.72 829 1093 0.76

B2B (G) 830 1030 0.81 1030 1180 0.87B2B (H)B2B

B w/study B2B TH B2B TH

B2B 1,145 1140 1.00 1170 1398 0.84 1510 1330 1.14 995 1230 0.81 1100 1356 0.81 1375 1235 1.11 1195 1257 0.95B2B

% occ /leased 91 95 95% 95 99 96% 0 0% 95 97 94% 94.0 99 93% 88.0 92 93% 92.0 95 96%

Avg PSF 1 0.94 0.78 0.99 0.85 0.81 0.91 0.81

Avg Rents 875 1114 994 808 850 1131 995/ Avail) 342 15 507 14 653 216 8 312 8 360 41 0 168 5

ates Special: 1x1, 2x2 830.00 Special: $300 to $400 off mSepcial:None Special:100 to 200 off rentsSpecial:3 months free over Special: 3 Months off of marSpecial: waive application or waive deposits.eflect these rates: $685 1/1 $805 2/2 $1310 3 $626 1/1 $800 2/2 $1275 3/2pecials: special were pulled off the internet

due to property will not give info.Look and lease $250 off 1st full month

Ren: $25 to $50 increase Ren.: Increase $0 to $50. Ren: Info not avail per corpRen:Per corporate Ren: $40 increas for 12 mo Ren: Average $15 to $20 incRen: Free carpet cleaning with 12mo.

nits(Tot


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Courtney Downs June 06

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